The global hydrogel contact lens market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing awareness about contact lenses and their benefits, growing demand for contact lenses in emerging economies, and technological advancements in the field of contact lens manufacturing.
The spherical contact lens segment accounted for the largest share of the global hydrogel contact lens market in 2018. This segment is expected to continue its dominance throughout the forecast period owing to its wide range of applications and ease of use. The toric contact lens segment accounted for a significant share in 2018 due to its ability to correct astigmatism and other eye conditions such as keratoconus or myopia (nearsightedness). The multifocal contact lens segment is expected to grow at a higher CAGR during the forecast period owing to its ability to provide vision correction with both distance and near vision correction simultaneously.
Some Of The Growth Factors Of This Market:
- Hydrogel contact lenses are more comfortable than traditional contact lenses.
- Hydrogel contact lenses are more durable than traditional contact lenses.
- Hydrogel contact lens wearers have less risk of developing an eye infection or corneal ulceration than traditional lens wearers because the hydrogel material is less likely to harbor bacteria and other microorganisms that can cause these conditions.
- The cost of hydrogel contacts is higher than the cost of traditional contacts, but this may be offset by a reduction in the frequency with which they need to be replaced due to their durability and comfort level for the wearer, as well as a reduction in the number of times they need to be cleaned per day due to their ability to resist deposits from tear film components such as lipids and proteins that can lead to bacterial growth on conventional soft contacts.
Industry Growth Insights published a new data on “Hydrogel Contact Lens Market”. The research report is titled “Hydrogel Contact Lens Market research by Types (Spherical Contact Lens, Toric Contact Lens, Multifocal Contact Lens), By Applications (Hospital, Optical Shop, Online Store, Others), By Players/Companies Novartis, CooperCompanies, Bausch Health, Johnson & Johnson, St.Shine Optical, Menicon, NEO Vision, Clearlab, Miacare”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrogel Contact Lens Market Research Report
By Type
Spherical Contact Lens, Toric Contact Lens, Multifocal Contact Lens
By Application
Hospital, Optical Shop, Online Store, Others
By Companies
Novartis, CooperCompanies, Bausch Health, Johnson & Johnson, St.Shine Optical, Menicon, NEO Vision, Clearlab, Miacare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Hydrogel Contact Lens Market Report Segments:
The global Hydrogel Contact Lens market is segmented on the basis of:
Types
Spherical Contact Lens, Toric Contact Lens, Multifocal Contact Lens
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Optical Shop, Online Store, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Novartis
- CooperCompanies
- Bausch Health
- Johnson & Johnson
- St.Shine Optical
- Menicon
- NEO Vision
- Clearlab
- Miacare
Highlights of The Hydrogel Contact Lens Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spherical Contact Lens
- Toric Contact Lens
- Multifocal Contact Lens
- By Application:
- Hospital
- Optical Shop
- Online Store
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydrogel Contact Lens Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hydrogel contact lenses are a type of contact lens that is made from a gel material. They are designed to be more comfortable and easier to wear than traditional contact lenses. Hydrogel contact lenses are also known as hydrocolloid contacts, because they contain small amounts of hydrocolloids (a type of gel).
Some of the major companies in the hydrogel contact lens market are Novartis, CooperCompanies, Bausch Health, Johnson & Johnson, St.Shine Optical, Menicon, NEO Vision, Clearlab, Miacare.
The hydrogel contact lens market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hydrogel Contact Lens Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hydrogel Contact Lens Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hydrogel Contact Lens Market - Supply Chain
4.5. Global Hydrogel Contact Lens Market Forecast
4.5.1. Hydrogel Contact Lens Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hydrogel Contact Lens Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hydrogel Contact Lens Market Absolute $ Opportunity
5. Global Hydrogel Contact Lens Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hydrogel Contact Lens Market Size and Volume Forecast by Type
5.3.1. Spherical Contact Lens
5.3.2. Toric Contact Lens
5.3.3. Multifocal Contact Lens
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hydrogel Contact Lens Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hydrogel Contact Lens Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Optical Shop
6.3.3. Online Store
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hydrogel Contact Lens Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hydrogel Contact Lens Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hydrogel Contact Lens Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hydrogel Contact Lens Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hydrogel Contact Lens Demand Share Forecast, 2019-2026
9. North America Hydrogel Contact Lens Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hydrogel Contact Lens Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hydrogel Contact Lens Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Optical Shop
9.4.3. Online Store
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hydrogel Contact Lens Market Size and Volume Forecast by Type
9.7.1. Spherical Contact Lens
9.7.2. Toric Contact Lens
9.7.3. Multifocal Contact Lens
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hydrogel Contact Lens Demand Share Forecast, 2019-2026
10. Latin America Hydrogel Contact Lens Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hydrogel Contact Lens Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hydrogel Contact Lens Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Optical Shop
10.4.3. Online Store
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hydrogel Contact Lens Market Size and Volume Forecast by Type
10.7.1. Spherical Contact Lens
10.7.2. Toric Contact Lens
10.7.3. Multifocal Contact Lens
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hydrogel Contact Lens Demand Share Forecast, 2019-2026
11. Europe Hydrogel Contact Lens Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hydrogel Contact Lens Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hydrogel Contact Lens Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Optical Shop
11.4.3. Online Store
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hydrogel Contact Lens Market Size and Volume Forecast by Type
11.7.1. Spherical Contact Lens
11.7.2. Toric Contact Lens
11.7.3. Multifocal Contact Lens
11.8. Basis Point Shae (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hydrogel Contact Lens Demand Share, 2019-2026
12. Asia Pacific Hydrogel Contact Lens Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hydrogel Contact Lens Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hydrogel Contact Lens Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Optical Shop
12.4.3. Online Store
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hydrogel Contact Lens Market Size and Volume Forecast by Type
12.7.1. Spherical Contact Lens
12.7.2. Toric Contact Lens
12.7.3. Multifocal Contact Lens
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hydrogel Contact Lens Demand Share, 2019-2026
13. Middle East & Africa Hydrogel Contact Lens Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hydrogel Contact Lens Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hydrogel Contact Lens Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Optical Shop
13.4.3. Online Store
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hydrogel Contact Lens Market Size and Volume Forecast by Type
13.7.1. Spherical Contact Lens
13.7.2. Toric Contact Lens
13.7.3. Multifocal Contact Lens
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hydrogel Contact Lens Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hydrogel Contact Lens Market: Market Share Analysis
14.2. Hydrogel Contact Lens Distributors and Customers
14.3. Hydrogel Contact Lens Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Novartis
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CooperCompanies
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bausch Health
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Johnson & Johnson
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. St.Shine Optical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Menicon
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NEO Vision
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Clearlab
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Miacare
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
